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  • Property-a-holics

    Property sourcers - are they worth trying?

    Has anyone used services of a property sourcers in past. What was your experience? Are they worth their fees? What should I pay special attention to?  

    Thanks for any advice. Marcin
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    I struggle to justify how someone can charge 5K in fees for securing a 70K property.....regardless of how glossy their PPT is.

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    5K is very steep yes I agree

    But if the 70K PP is perhaps  a genuine  80K property  then you both split the saving so 5K each

    Most people like saving 5K

    But yes DD of sourcers is paramount  - there are dubious ones out there.

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    Jonathan Clarke. http://www.buytoletmk.com

    That's is indeed very true, especially for someone who's not full time in property investment business.


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    There will be good and bad in this sector

    But how do you pick the good ones ??

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    Indeed. I guess after you buy one or two properties from them, you more or less know whether they are good. But is there a substitute to this process ? i.e. can I do some background checks on a person/company to gain a bit more confidence ?

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    that is akin to taking a punt - which at least for me is OK if the sourcing fee is a few hundred, however at 5K it makes that a non-option for me. Having said that perhaps there are many that are OK to pay 5K which is why the market seems to have settled at that sort of price for this service......

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    Find it hard to trust people and feel I’m getting pitched
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    Hi looking to buy two buy to let’s looking for good ROI. Any one want to sell up don’t mind if place needs gutting ! Please any good advise always welcome.  Thanks